C is corrent because per ASC Topic 235, inventory pricing would be considered a significant accounting policy. Additionally, ASC Topic 235 states that financial statement disclosure of accounting policies should not duplicate details (e.g., composition of inventories or of plant assets) presented elsewhere as part of the financial statements.
A is incorrect. Per ASC Topic 235, inventory pricing would be considered a significant accounting policy. Additionally, ASC Topic 235 states that financial statement disclosure of accounting policies should not duplicate details (e.g., composition of inventories or of plant assets) presented elsewhere as part of the financial statements.
B is incorrect. Per ASC Topic 235, inventory pricing would be considered a significant accounting policy. Additionally, ASC Topic 235 states that financial statement disclosure of accounting policies should not duplicate details (e.g., composition of inventories or of plant assets) presented elsewhere as part of the financial statements.
D is incorrect. Per ASC Topic 235, inventory pricing would be considered a significant accounting policy. Additionally, ASC Topic 235 states that financial statement disclosure of accounting policies should not duplicate details (e.g., composition of inventories or of plant assets) presented elsewhere as part of the financial statements.
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